Filing Flows › Star (STHO) › How it makes money
How Star (STHO) makes money
Star (STHO) made $39.9M of revenue in the third quarter 2026 (Q3 2026), +42% from a year earlier. Land development revenue brought in $21.0M (52%); Other income brought in $16.4M (41%); Operating lease income brought in $1.7M (4%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Land development revenue | $21.0M | 52.5% | 17× | 12× |
| Other income | $16.4M | 41.0% | +12% | -30% |
| Operating lease income | $1.7M | 4.3% | -30% | -4% |
| Interest income | $894K | 2.2% | -15% | -25% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $39.9M | 100.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $39.9M | +42% |
| Q2 2026 | $19.4M | -54% |
| Q1 2026 | $20.9M | +43% |
| Q4 2025 | $25.4M | -23% |
| Q3 2025 | $28.1M | +14% |
| Q2 2025 | $42.1M | +38% |
| Q1 2025 | $14.6M | -42% |
From Star's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Star make money?
Star (STHO) made $39.9M of revenue in the third quarter 2026 (Q3 2026), +42% from a year earlier. Land development revenue brought in $21.0M (52%); Other income brought in $16.4M (41%); Operating lease income brought in $1.7M (4%).
What is Star's biggest business?
Land development revenue: $21.0M in the third quarter 2026, 52% of revenue, up 12-fold from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.